News

Global Gems & Jewellery Market Projected to Reach $608.1 Million by 2030

The global Gems & Jewellery market, currently valued at $409 million in 2023, is expected to reach $608.1 million by 2030, growing at a compound annual growth rate (CAGR) of 5.8%, according to the "Gems & Jewelry - Global Strategic Business Report" from ResearchAndMarkets.com

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This growth is largely fueled by advancements in jewellery manufacturing technologies and the increasing demand for sustainable, ethically sourced products, which are reshaping consumer preferences and driving the market towards higher-value segments.

Key drivers include the rising popularity of lab-grown diamonds and gemstones, with significant growth anticipated in the Diamond in Gold segment, projected to hit $183.7 million by 2030. The U.S. market is estimated at $108.6 million in 2023, while China's market is forecasted to grow at an impressive 8.5% CAGR, reaching $135.4 million by 2030.

The report offers in-depth regional analysis, competitive insights, and forecasts, making it a vital resource for understanding market trends and identifying new business opportunities in the global Gems & Jewelry industry.

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